China May Be Unhappy with Ukraine Grain Deal

There are reports China is unhappy with Ukraine. The two nation's struck a $3 billion 'Grain-for-Loan' deal in 2012. Foreign Ministry Spokesperson Hua Chunying, at a regular press conference held February 27, 2014, when questioned on the issue said, "We have seen relevant reports. China is willing to further its strategic partnership with Ukraine. On the already signed agreements, we hope that the Ukrainian side will ensure the effective implementation. As to the specific issue you raised, to my knowledge, relevant reports are inconsistent with facts."

The reports suggest China is suing for return of its $3 billion loan because Ukraine did not ship agricultural products to China according to contract terms.

You may read from the official report here.